The price of lumber has tacked on more than $35K to the cost of the average new home built over the past year.
Read More »Home Sellers Continue to Ring Up Gains
Home sellers are still netting profits in excess of $70,000, but that number is down approximately $5,000 from the previous quarter.
Read More »Homebuyers’ Desires, Needs, and Aspirations Are Evolving
What do Americans want in a home? COVID-19 has led to a change in the ways consumers might answer that question. Some obvious responses—space, comfort, bigger yards, simpler ...
Read More »Loans Closed Quicker in Q1
Increased lender adoption of eClose technology is cutting the amount of time it takes to close loans, with a six-day reduction in time over the first quarter of the year.
Read More »Sub-3% Rates a Non-Factor on Mortgage Apps
Mortgage applications are slipping, as the war between low rates and affordability continues in the nation’s housing market.
Read More »Studying the Relationship Between Homebuying and Wealth
A new study explores how differences in home purchase prices can lead to further wealth gaps through equity in homeownership.
Read More »FHFA’s New Refi Plan to Assist Low-Income Families
Low-income families nationwide will have the option to save $100-$250 monthly through new plan on GSE-backed mortgages.
Read More »Home Prices Rise to 15-Year High
February saw a 12% annual gain in home prices, the largest jump in prices since 2006.
Read More »Home Seekers Target More Spacious Dwellings
Homebuyers are returning to the city, but are seeking larger living spaces with the amenities of the suburbs.
Read More »Can Increasing Home Equity Lead to More Listings?
Typically, equity and the 'wealth effect" prompts homeowners to sell, but an economists explains why things might be different in today's market.
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